July 20, 2021 | Headlines, KCS
(Source: BNAmericas, July 20, 2021) NEW YORK — Executives at KCS addressed ongoing issues that look to continue impacting performance in the firm’s 2Q21 results call, including regulatory hurdles to hydrocarbons imports and the ongoing chip shortage that has Mexican...
July 19, 2021 | Headlines, KCS
(Source: Railway Age, July 16, 2021) NEW YORK — Kansas City Southern (KCS) on July 16 was the first Class I to report second-quarter 2021 earnings. For the possibly merger-bound railroad, revenue of $749.5 million grew 37% from the prior-year period ($547.9 million)...
July 16, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, July 16, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported revenues of $749.5 million, an increase of 37% from second quarter 2020. Overall, carload volumes were up 31% compared to prior year. Second Quarter 2021...
June 21, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, June 18, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) will release its second quarter 2021 financial results on Friday, July 16, 2021, before the opening of trading on the New York Stock Exchange. KCS will also hold...
June 21, 2021 | Headlines, KCS
(Source: Railway Age, June 18, 2021) NEW YORK — Kansas City Southern has asked the Surface Transportation Board to reject Canadian Pacific’s petition for expedited declaratory relief, which KCS claims would assist CP in preparing a “hostile” control application. Full...
June 7, 2021 | Headlines, KCS
(Source: Premier Broadcasting, Inc., June 4, 2021) CHICAGO — The Illinois Environmental Protection Agency has referred an enforcement action to the Illinois Attorney General’s office against Phillips 66 Company in Roxana. The referral cites violations of the Illinois...
May 21, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, May 20, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) held its Annual Meeting of Stockholders on May 20, 2021 virtually via live audio webcast. With 89% of KCS’ outstanding common and preferred stock represented in...
May 14, 2021 | Headlines, KCS
(Source: Canadian Press, May 13, 2021) MONTREAL — Kansas City Southern Inc. says it is terminating its merger agreement with CP Rail after determining that rival Canadian National Railway’s revised US$33.6-billion offer was superior. CP Rail now has the right to amend...
May 14, 2021 | Headlines, KCS
(Source: Kansas City Southern press release, May 13, 2021) KANSAS CITY, Mo. — Kansas City Southern (“KCS”) today announced receipt of a revised acquisition proposal from Canadian National Railway Company (“CN”). Under the terms of CN’s revised proposal, each share of...
May 12, 2021 | Headlines, KCS
(Source: Railway Age, May 11, 2021) NEW YORK — Kansas City Southern has received notice of an unsolicited “mini-tender” offer by Canadian outfit Titus Rockefeller LLC (a.k.a. TRC Capital Investment Corp.) to purchase up to 500,000 shares, or approximately 0.55%, of...
